How is the Fall River Real Estate market doing in the last 3 months?
Fall River Real Estate Market update for August, September, October 2008 for single family detached and semi-detached homes.
| Halifax Real Estate Blog Fall River Market Update | |||||
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
|---|---|---|---|---|---|
| OCT-2008 | 364392 | 380067 | 104% | 94 days | 12 |
| SEP-2008 | 294159 | 284697 | 97% | 76 days | 17 |
| AUG-2008 | 345033 | 338189 | 98% | 110 days | 9 |
| Averages: | 328387 | 327483 | 100 % | 90 days | 38 |
Fall River Real Estate Market update for August, September, October 2007 for single family detached and semi-detached homes.
| Halifax Real Estate Blog Fall River Market Update | |||||
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
|---|---|---|---|---|---|
| OCT-2007 | 378485 | 361808 | 96% | 63 days | 13 |
| SEP-2007 | 335392 | 324842 | 97% | 99 days | 24 |
| AUG-2007 | 328565 | 324080 | 99% | 99 days | 20 |
| Averages: | 342825 | 333005 | 97 % | 91 days | 57 |
Number of Active Listings - 131
The Fall River Real Estate market has slowed down in the past 3 months. This has been a normal trend in a lot of areas of HRM. Number of sales are down 33 percent over last year, a huge decrease. The average price is also down slightly by 1.7%. Right now we are seeing a buyers market although there doesn't seem to be a lot of buyers out there. Inventory is up and sales are down. This has to do with a number of factors. The slowing economy and the steady rise in housing prices.
In the coming months I see the trend remaining the same with not a lot of transactions in the Halifax Real Estate Market. This will continue into next year and hopefully we will start to see a turn around next summer. Surprisingly price continues to rise in most areas of Halifax.
Next week we will have a look at the Sackville Real Estate market. If you are looking to buy or sell Real Estate in Halifax send me an email andrewperkins@exitmetro.ca. I will respond promptly.
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- Dartmouth Real Estate Market Update
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Andrew Perkins
Your Halifax Real Estate Expert
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